Broker Compensation, Disclosure Hearing in NY Underway
The New York State Office of the Attorney General and the New York State Insurance Department are holding a joint public hearing today in Buffalo on compensation arrangements for insurance agents and brokers and disclosure of fees to customers.
The hearing is covering forms and disclosure of producer compensation, and if steering is associated with certain forms of compensation, the mechanisms that are most effective to curb such practices. The hearing is designed to get the views of all interested parties on the proposed addition of a new regulation governing compensation and disclosure.
The hearing is being webcast live at www.totalwebcasting.com/live/nysins.
Published on July 14, 2008
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